Ramachandran

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CHENNAI: 'Panruti' S Ramachandran, 76, the veteran Tamil Nadu politician who is considered a mentor to DMDK leader Vijayakanth, has bid adieu to politics. On Tuesday, he resigned his MLA post, citing health issues, bringing an end to a political career that started more than half-a-century back. His office told ET that his resignation letter was sent to Tamil Nadu Assembly speaker P Dhanapal, a copy of which was sent to Vijayakanth. His exit comes at a time when the DMDK stands severely weakened by rebellion, taking the sheen of the impressive electoral performance it turned in just two years back.

NEW DELHI: The Central Bureau of Investigation is likely to question or seek replies to a questionaire from former Minister of State for Finance Gingee Ramachandran in the "cash-for-transfer" scam as investigations in the case has pointed to involvement of top officials. The case, which came to light in last week of May after the arrest of Ramachandran's Personal Assistant R Perumalswamy and his Chennai-based chartered accountant A Krishnamurthy for allegedly accepting bribe of Rs four lakh from an Indian Revenue Service Official to get him posted to Mumbai.

NEW DELHI: Squash Racquet Federation of India (SRFI) chief Narayana Ramachandran is set to be elected unopposed as the president of Indian Olympic Association in the polls to be held here next month as he was the only candidate to file nomination papers for the top post today. Ramachandran was the lone candidate to file the nomination for the president's post for the February 9 elections which will also clear the decks for India's return to the Olympic fold after the IOA was suspended by International Olympic Committee on December 4 in 2012.

ET NOW talks to K Ramachandran, CIO, Karvy Private Wealth. For pharma, a lot of activities are building up. But as a space it has already seen a bit of a run up, do the valuations look a little bit stretched at this point? Or do you think these new ventures in this space (and there is new positive cues coming out from the space) are actually going to help it boost a little bit further? It will be difficult for the pharma stocks to maintain the momentum, because even in the downturn it was the pharmaceutical stocks - which are really by nature of being defensives - that held pretty well.

Summer is a good two months away, but some of us are already sweating. And for good reason. North Block has hinted at a higher tax for the rich and, perhaps, even an inheritance tax. Though the latter is not likely soon, the former is a distinct possibility. What will you do if the finance minister decides to play Robin Hood with Budget 2013? Evading tax is illegal, but avoiding it is not. The income tax laws provide enough opportunities to the savvy investor to bring down his tax liability.

MUMBAI: Private-sector lender IndusInd Bank today said it has appointed Anil Ramachandran as its head of credit cards business. Ramachandran has already commenced setting up of the credit card business of the bank, a release issued here said. Ramachandran was with Deutsche Bank as head credit cards business for India. Earlier, he had worked for Citibank wherein, he was also associated with the credit card function in various senior positions.

CHENNAI: Ahead of Lok Sabha polls , former DMDK leader Panruti S Ramachandran today joined the ruling AIADMK in the presence of party General Secretary and Chief Minister J Jayalalithaa . Ramachandran was the DMDK presidium chairman and Deputy Leader of the Opposition in the Tamil Nadu Assembly quit that party and his assembly membership. While resigning from DMDK, the veteran leader had announced that he would retire from active politics. A seasoned politician, had served in the late M G Ramachandran ministry during the 1980's.

NEW DELHI: A total of 674 Chinese nationals, who came to India on valid travel documents, were found to be overstaying. Minister of State for Home Mullappally Ramachandran told Lok Sabha that the figure was till December 31, 2012. Ramachandran said as and when a foreign national, including Chinese, is found to be overstaying in India in violation of visa rules, necessary action is taken to deport such a foreign national. "The powers to identify and deport illegally staying foreign nationals, including Chinese nationals, have also been delegated to the state governments/Union Territory administration," he said.

NEW DELHI: Congress will have a "100 per cent transparent" organisational elections this time to bring in "fresh leadership" at all levels in the backdrop of its debacle in the Lok Sabha polls, a prominent party leader said today. Former Union Minister Mullappally Ramachandran, who is the Chairman of the Central Election Authority of the party, told PTI that the party polls scheduled in the new year will be an opportunity to revive the organisation. "All loyal Congressmen are welcome", he remarked when asked whether those who have left the party or parted ways with it due to various reasons would be brought back.

Mumbai: Financial Services firm, Morgan Stanley today said its Indian Chief Executive and Country Head Narayan Ramachandran will step down from his current role next month. In a release issued here, the company said that Ramachandran decided to resign from the full time charge to pursue personal interests in entrepreneurship and public service. Morgan Stanley's Asia Chief Operating Officer, Scott Gaynor, will take the additional responsibility as company's Acting Country Head for India.